The prices in real estate in Umm Suqueim, in the Dubai region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Umm Suqueim has had a strong decrease during the last 6 months. In July, the average price per sq.feet was AED 19,097. In the following month the price per sq.feet increased to AED 20,233. In the following two months the price per sq.feet has barely changed, going from AED 19,665 to AED 20,380.5 per sq.feet. The price per sq.feet has had a considerable deflation of 21 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 20,022.75 to AED 4,167 during November, and December.
Based upon to the price in Umm Suqueim (cities), this has gone up considerably in the last 6 months. The price in July is AED 3,184,312, rising in August till AED 3,380,397. During the following two months (September, October) the average price fell 87 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 406 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 15,522,211 they are 90 % more affordable than the average price for Umm Suqueim. The properties with the lowest average price have 4 bedrooms, Their price is 57 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 3,899,313.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 17,012 / sq.feet, with an average AED 1,417 / sq.feet price in Umm Suqueim. The properties with the highest average prices have 4 bedrooms. They are 1521 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 22,045 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 15,522,211 it is 85 % cheaper than the average price in Umm Suqueim. "Villa" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of AED 15,098,837 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of AED 2,346 / sq.feet followed by "Villa" priced at AED 16,479 / sq.feet. "Apartment" is the most costly type of property with a AED 21,153 / sq.feet cost followed by "Villa" with an average price of AED 16,479 / sq.feet.